Word: panic
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Dates: during 1920-1929
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...splendid property to his children, with an injunction that they never sell out. Within a year they were preparing to sell. The editors, fearing the paper would fall into unworthy hands, rushed about and got a company organized which bought the property for $950,000. Then came the panic of 1893. The Times barely escaped consolidation and, in 1896, welcomed the help of Adolph Simon Ochs of Chattanooga. Tenn. For $75,000 and his services he got, within four years, half of its stock, which was now increased to 10,000 shares...
During the panic (1907), 40-year-old "J. Pierpont" acted as chief-of-staff to his doughty sire. After the death of "J. P." in 1913, "J. Pierpont" signalized his ascension by a bold decision: namely that he and his partners would withdraw from active direction of the corporations in whose finances the House of Morgan was chiefly interested; would confide their management to such capable "outsiders" as the Owen D. Young of today; and would assume on a grand scale what has become the House of Morgan's paternal role toward such high bouncing babes as General Motors...
...example, by failure to raise the rediscount rate), but taken altogether they gave nervous speculators chills & fever. On Friday call money went from 6½% to 10% and the whole market went off in a sharp decline that continued through Saturday's closing. There was nothing resembling a panic but the orderly retreat was rapid, sustained, unchecked by short covering...
...true that Col. Stewart claimed the support of a majority of Standard Oil of Indiana stockholders. But it is also true that the application of Mr. Hogan's reasoning would cause all U. S. business to totter, to go into a panic. It would mean that, in any corporation, the holder of one share would be as powerful as the holder of 10,000 shares...
...district. But the very necessity for a barb wire fence was an indication that the old free days were passing. In 1893 the district, opened to homesteaders, began to change from a cattle to a farming region. The old Colonel continued to raise nothing but cattle, ran into the Panic of the '90's, crashed. A Kansas City commission house, owing him $300,000, failed. Creditors arrived, drove off the cattle, left the Millers with 88 ancient horses and cattle, cripples and runts...